Whangarei Central, Whangarei

Unlock a substantial investment opportunity in the heart of Whangārei, strategically positioned just off State Highway 1. This expansive freehold offering combines a proven accommodation business with significant underlying land value across three separate freehold titles.Investment Highlights• Established by the current owners in 2014, who are now ready to retire and pursue new opportunities.• Offered as a freehold going concern, with an average annual turnover of $816,390 over the five financial years from 2022 to 2026.• Cheviot Park Motor Lodge enjoys a loyal base of repeat guests from corporate clients and Government agencies, providing a stable and consistent income stream.• Its prime location near Whangārei Base Hospital, the CBD and with easy access from State Highway 1 makes it a preferred accommodation choice for business travellers and professionals.Property Features• 16 self-contained accommodation units, comprising: 9 studio units 6 one-bedroom units 2 spacious three-bedroom family units• Manager's residence: A comfortable three-bedroom home positioned above the reception, complete with a single garage for convenient onsite living. • Guest amenities: Landscaped grounds featuring an outdoor swimming pool, spa pool and BBQ area.• Quality improvements: The property has benefited from extensive renovations and upgrades, presenting to a modern standard with minimal capital expenditure anticipated in the near term.Whether you're an experienced accommodation operator, investor or seeking a lifestyle business with strong returns, this is an exceptional opportunity to secure a well-established freehold asset in one of Northland's key commercial centres.Contact us today for further information or to arrange an inspection.